Food prices up for first time since 2017

In July, FAO’s Food Price Index (deflated) saw its first YOY increase in 22 months. July’s Index was up 2.3 percent YOY, a considerable difference from the previous 12 months, which saw an average YOY decline of 6.4 percent.

Looking at individual subindexes, both Meat and Sugar continued their four-month upward trends, up 6.7 percent and 9.6 percent vs. July 2018. The Cereal Index saw a second month of growth, up 4.1 percent YOY.

Dairy fell for the second month in a row, down 2.8 percent, after five months of YOY gains. The Oils Index, down 10.9 percent YOY in July, has been down for 28 straight months.

FAO Sugar Price Index (deflated)


Source: FAO
Posted by: Information Services
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